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Stocks
| Broker-Assisted Orders |
$30 per order |
| Orders Over 1,000 shares |
Add $.03 per share for portion of order over
1,000 shares |
| Limit Order |
Add $5 per order |
| Confirmation Processing |
Add $2.50 per order |
Note: Commissions and fees are charged
on a per order basis. An order is defined at the point or time of order
entry and may result in multiple executions for a single order.
Customers are responsible for payment of any miscellaneous confirmation handling fees, exchange fees, regulatory
transaction fees, and government taxes and fees assessed on their accounts and
transactions. Prior authorization is required
to place orders for stocks trading under $1.00. All commissions and fees are subject
to change without advance notice.
Mutual Funds
Mutual Funds & Unit
Investment Trusts ("UITs") |
$30 per Broker-Assisted Order
$2 for each systematic investment plan transaction
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Note: Transaction fees apply to
no load open-end funds only. See "Stocks" for closed-end funds.
Each purchase, redemption and exchange is considered a separate
order. There are no transaction fees for load-fund orders. However,
separate sales and redemption charges as stated in the prospectus
will apply. Please read the prospectus for details. Funds may be
available for purchase directly from the fund company or its principal
underwriter or distributor without paying a TCF Investments transaction
fee.
Fixed Income
Exchange-Traded Corporate Bonds
(Listed Bonds) |
$35 per order + $4 per bond |
| Treasury Auctions |
$40 per order |
All Other Bonds
(Including Brokered CDs) |
Bond price will include a mark-up or mark-down |
| Confirmation Processing |
Add $2.50 per order |
Options
| Listed Options |
$35 per order plus $2 per contract |
| Listed Option Exercise & Assignment |
$50 ($195 for currency options) |
| Cashless Stock Option Exercise |
$50 each |
| Confirmation Processing |
Add $2.50 per order |
IRA and Coverdell Education Savings Account Fees
| Annual IRA Custodial Fee |
$35 per year |
| IRA Termination Fee |
$75 |
| Annual Custodial Fee for Coverdell Education Savings Accounts |
$35 per year |
| Coverdell Education Savings Account Termination Fee |
$75 |
| Roth Conversion / Recharacterization Fee |
$25 |
Note: The annual fee for filing Form 990-T is $200.
Margin Rates
| Loan Balance |
Rate to Customer |
Under $9,999
|
Pershing Base Lending Rate +2.50% |
$10,000 to $24,999
|
Pershing Base Lending Rate +2.00% |
$25,000 to $49,999
|
Pershing Base Lending Rate +1.50% |
$50,000 to $99,999
|
Pershing Base Lending Rate +1.00% |
$100,000 +
|
Pershing Base Lending Rate +0.75% |
Note: The rates shown are charged
on the entire balance, not the incremental balance. The Broker Call
rate is the rate published in the Wall Street Journal under "Money
Rates." Margin loans are through Pershing LLC.
Other Fees
| Minimum Initial Deposit |
$100 |
| Annual Inactivity Fee* |
$40
($20 for accounts holding only Mutual Funds) |
| Stop Payments of Check or Electronic Transfer
Request ("ACH") |
$30 |
| Dishonored Check Deposit or Electronic Deposit ("ACH") |
$33 |
Margin & Reg T Extensions
(Applies when a request to delay payment for a securities transaction is filed with the New York Stock Exchange or other regulatory organization) |
$25 |
Mailgrams
(A mailgram is sent for items such as return checks, filing of an extension, mandatory sell-out, or issue of house & exchange margin calls) |
$5 |
DK Items
(i.e. rejection of delivery of payment on a DVP account) |
$10 |
| Outgoing Account Transfer Fee |
$75 |
| Issue of Physical Certificate |
$50 |
| DRS Transfers |
$20 |
| Accommodation Transfers |
$50 |
| Transfer Certificates Requiring Review of Legal Documents Accompanying the Certificates |
$50 |
| Reorganization Items Requiring Manual Processing (For example, sale or re-registration of stock where there has been a merger, name changes, stock split, or voluntary tender.) |
$50 (plus $100 for late tender) |
| Securities Held in Safekeeping |
$2 (per position/per month) |
| Dividend Reinvestment (Does not apply to reinvestment amounts under $3.00) |
$1 (per item) |
| Overnight Delivery |
$25 |
| Out-going Domestic Wire Transfer |
$20 |
| Non-US Wires (includes foreign exchange) |
$20 |
| Non-Standard Asset Review (Limited Partnership and Private Placement set-up) |
$125 |
| Non-Standard Asset Subscription, Redemption, Re-registration Fee |
$50 |
| Non-Standard Asset Annual Processing Fee |
$40 |
| Interest Charge on Debit Balances |
Same as the highest rate in the margin schedule |
*Applies only to accounts open for a full calendar year. An inactive account is one that has (1) no transactions or other activity during the calendar year, (2) has one or more security positions, exclusive of fixed income book entry only positions, with margin and/or credit interest of less than $100.00 per calendar year. Applicable trades must settle by December 31st to be considered a transaction in the calendar year. Dividend reinvestment is not considered a transaction. Money market purchases and redemptions are not considered transactions. Money market interest is not considered credit interest. Does not apply to accounts with a zero balance on December 31st. Does not apply to IRA accounts.
Note: The fee for any service not
listed above will be any actual cost incurred by TCF Investments
for providing the service, including any costs assessed by our clearing
broker-dealer or other third party. Customers are responsible for
payment of any applicable transfer agent fees in addition to the
fees described above. Phone Customer Service to determine the specific fee
for any service not listed above. All commissions and fees are subject
to change without advance notice.
Note Regarding Real-Time Quotes:
From time to time, TCF Investments may make real-time quotes available
on its Internet site to nonprofessional users. Notice regarding
the fees, if any, for such quotes will be provided by TCF Investments
to users by mail or posted on the Internet site. Professional
users, including persons registered with the SEC or securities industry
self-regulatory organizations, may not have access to real-time
quotes on the TCF Investments Internet site. If such access is
provided, professional users will be required to pay the costs incurred
by TCF Investments for providing access to the quotes, or the
user may be invoiced directly by the applicable exchange or quote
provider. |
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